Halister News

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.

• PPI 0.1% m/m; range 0% to 0.4% (60 estimates)
• Core PPI 0.2% m/m; range 0.1% to 0.3% (52 estimates)
• Ex trade PPI 0.2% m/m; range 0% to 0.2% (11 estimates)
• PPI 2.2% y/y; range 2.2% to 2.4% (25 estimates)
• Core PPI 2.1% y/y; range 1.9% to 2.2% (24 estimates)
• “With the primary inflation gauges flattening or trending lower, policy makers may be rethinking their expectations for wages and the general price level. That moves all measures of inflation to the front burner, even the PPI, which tends to be quite volatile since it deals with raw materials and commodities”: Bloomberg Intelligence
• The prior report showed the PPI rose 0.1 percent in June after showing no change in May
• Initial Claims 240k; range 235k to 247k (41 estimates)
• Cont. Claims 1960k; range 1940k to 1968k (7 estimates)
• “Initial claims have a propensity to fluctuate in the summer months amid annual retooling in the auto industry, and that has been the case in recent weeks”: Bloomberg Intelligence
• The prior report showed jobless claims declined by 5,000 in the week ended July 29 to 240,000, close to a four- decade low

To contact the reporters on this story: Jordan Yadoo in Washington at jyadoo@bloomberg.net ; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble